Semiconductor stock engaged in the business of design, development & manufacturing of Video Displays, high-end Electronic, and telecommunication equipment, and many more in focus upon receiving a new work order worth Rs. 2.55 Crores from Northern Railway Zone.
Price Action
With a market capitalization of Rs. 1,888 Crores, the shares of MIC Electronics Limited were trading at Rs. 78.32 per equity share, up 0.86 percent from its previous day’s close price of Rs. 77.65.
What Happened
MIC Electronics Limited has received a new work order or Letter of Acceptance worth Rs. ~2.55 Crores, from the Lucknow Division of the Northern Railway Zone for the provision of Integrated Passenger Information Systems at Prayag, Prayagraj Sangam railway stations, and Phaphamau Junction Stations in c/w Mahakumbh-2025 and it should be executed within 9 months.
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About the Company
MIC Electronics Limited is engaged in the business of design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment, development of Telecom software, oxygen concentrators, batteries, and many more. It is directly or indirectly involved in the semiconductor industry as it specializes in semiconductor packaging and testing solutions.
MIC Electronics is looking to enter the domestic electric vehicle (EV) ecosystem, focusing on areas like LED display boards, Railways Passenger Information Systems (PIS), and EV batteries.
It has a strong clientele base with well-known players like L&T Ltd, Indian Railways, Bharat Electronics, Indian Oil, Mahindra, Bharat Dynamics, BHEL, Maruti Suzuki, LIC, Reliance Industries and many others.
Financials and Ratios
On a standalone basis Its revenue from operations grew by 53 percent from Rs. 7.02 Crores in Q1FY24 to Rs. 10.71 Crores in Q1FY25, accompanied by profits of Rs. 1.24 Crores to Rs. 1.97 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 11 percent and a Return on capital employed (ROCE) of 2.42 percent. It has reported a debt-to-equity ratio of 0.10.
Written by: Bharath K.S
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